Tag: TelexFree
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BULLETIN: Judge Certifies Class-Action Lawsuit Against 15,000 Alleged TelexFree ‘Winners’ In United States
BULLETIN: U.S. Bankruptcy Judge Melvin S. Hoffman has certified a defendant class-action lawsuit brought by TelexFree Trustee Stephen B. Darr against about 15,000 alleged TelexFree “net winners” in the United States. The ruling means “clawback” cases against alleged U.S. winners will proceed. Darr has alleged aggregate payments to the domestic net winners exceed $100 million and must…
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BULLETIN: Sann Rodrigues, TelexFree Figure, Agrees To Plead Guilty To Immigration Fraud
BULLETIN: (4th Update 7:23 p.m. EDT U.S.A.) Sann Rodrigues, a figure in the TelexFree Ponzi- and pyramid-scheme case, has agreed to plead guilty to a charge of immigration fraud, court documents say. The agreement potentially puts the native Brazilian at risk of deportation and a U.S. prison term of up to 10 years. He last was…
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BULLETIN: Judge Extends TelexFree Claims Deadline
BULLETIN: At the request of Trustee Stephen B. Darr, U.S. Bankruptcy Judge Melvin S. Hoffman has extended the deadline to file TelexFree claims until Dec. 31, 2016, at 4:30 p.m. Prevailing Eastern Time. The deadline had been Sept. 26. Darr asked for the extension on Sept. 21. Why was the extension needed? “The Trustee has…
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Alleged ‘Key Figure’ In TelexFree Declares Bankruptcy
UPDATED 1:05 P.M. EDT U.S.A. SEPT. 23 In April 2014, TelexFree declared corporate bankruptcy. Now, an alleged “key figure” in TelexFree being pursued by the court-appointed trustee has declared personal bankruptcy. Jay Borromei of Opt 3 Solutions Inc. filed his petition Sept. 13 in U.S. Bankruptcy Court for the Central District of California, according to…
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Dawn Wright-Olivares Of Zeek Rewards Sentenced To 7.5 Years In Federal Prison
BULLETIN: Dawn Wright-Olivares, the former COO of Zeek Rewards, has been sentenced to seven and one-half years in federal prison. The sentence was imposed by U.S. District Judge Max O. Cogburn Jr. of the Western District of North Carolina. The office of U.S. Attorney Jill Westmoreland Rose prosecuted Wright-Olivares for investment- and tax-fraud conspiracy. Daniel Olivares,…
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URGENT >> BULLETIN >> MOVING: Superseding Indictment Against TelexFree’s Merrill and Wanzeler
UPDATED 4:21 P.M. EDT U.S.A. With trial set to begin on Oct. 24, an eye-popping superseding indictment has been returned in Massachusetts federal court against TelexFree figures James Merrill and Carlos Wanzeler. The indictment adds eight counts of engaging in monetary transactions in property derived from specified unlawful activity and includes a money-laundering forfeiture allegation. Merrill…
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SEC Declines Comment On Whether It Contacted Traffic Monsoon Pitchman Sunil Patel About Saturday Rally In England
Traffic Monsoon pitchman Sunil Patel has promised “security” at a “Revolution Day” rally Saturday in the area of Brighton Beach/Brighton Pier in England to advocate for the alleged Ponzi scheme. In a video post today on Facebook, Patel claimed the SEC has contacted him about the event. The SEC this afternoon declined to comment on…